WB&AM highlights in 2011
- Focus on return on volumes.
- High asset quality.
- First collaboration with Garanti in the biggest venture capital deal in Turkish history.
- Reference in the Spanish market for mergers and acquisitions.
- The best equity house in Spain and Portugal according to Extel.
Income statement
(Million euros)
|
|
Wholesale Banking & Asset Management | ||||
|---|---|---|---|---|---|
|
|
2011 | ∆% | ∆% (1) | 2010 | 2009 |
| Net interest income | 1,575 | (0.2) | 1.1 | 1,579 | 1,947 |
| Net fees and commissions | 829 | (0.4) | 0.7 | 832 | 786 |
| Net trading income | 238 | (19.7) | (16.8) | 297 | 365 |
| Other income/expenses | 81 | (36.0) | (37.1) | 127 | 121 |
| Gross income | 2,724 | (3.9) | (2.6) | 2,835 | 3,219 |
| Operating income | (948) | 15.6 | 16.5 | (821) | (763) |
| Personnel expenses | (559) | 11.0 | 11.7 | (504) | (476) |
| General and administratve expenses | (375) | 23.2 | 24.5 | (305) | (276) |
| Deprecation and amortization | (14) | 14.8 | 15.3 | (12) | (12) |
| Operating income | 1,776 | (11.8) | (10.4) | 2,014 | 2,455 |
| Impairment on financial assets (net) | (90) | (55.8) | (55.7) | (204) | (153) |
| Provisions (net) and other gains (losses) | (13) | n.m. | n.m. | 4 | (12) |
| Income before taxes | 1,673 | (7.8) | (6.2) | 1,815 | 2,291 |
| Income taxes | (465) | (4.0) | (1.8) | (484) | (598) |
| Net incomes | 1,209 | (9.2) | (7.8) | 1,331 | 1,693 |
| Non-controlling interests | (87) | (18.7) | (15.6) | (107) | (110) |
| Net attributable profit | 1,122 | (8.3) | (7.1) | 1,224 | 1,583 |
Balance sheet
(Million euros)
|
|
Wholesale Banking & Asset Management | ||||
|---|---|---|---|---|---|
|
|
31-12-11 | ∆% | ∆% (1) | 31-12-10 | 31-12-09 |
| Cash and balances with central banks | 13,190 | 256.5 | 252.2 | 3,700 | 2,339 |
| Financial assets | 74,769 | 13.9 | 15.4 | 65,637 | 62,365 |
| Loans and receivables | 69,557 | 4.7 | 5.4 | 66,430 | 61,022 |
| Loans and advances to customers | 57,936 | 8.2 | 9.1 | 53,539 | 47,143 |
| Loans and advances to credit institutions and others | 11,621 | (9.9) | (9.8) | 12,891 | 13,879 |
| Inter-area positions | - | - | - | 19,547 | 31,483 |
| Tangible assets | 49 | 9.1 | 9.0 | 45 | 41 |
| Other assets | 2,770 | 64.3 | 62.5 | 1,685 | 1,819 |
| Total assets/Liabilities and equity | 160,335 | 2.1 | 2.7 | 157,044 | 159,070 |
| Deposits from cental banks and credit institutions | 56,163 | 24.7 | 26.4 | 45,029 | 43,195 |
| Deposits from customers | 41,387 | (36.6) | (36.4) | 65,300 | 74,518 |
| Debt certificates | (70) | - | - | - | - |
| Subordinated liabilities | 1,736 | (4.0) | (4.3) | 1,807 | 1,810 |
| Inter-area positions | 425 | - | - | - | - |
| Financial liabilities held for trading | 49,428 | 38.4 | 38.6 | 35,703 | 31,514 |
| Other liabilities | 6,794 | 14.6 | 15.1 | 5,930 | 5,963 |
| Economic capital allocated | 4,472 | 36.5 | 36.0 | 3,276 | 2,071 |